Revenue and Customer Metrics - ZoomInfo's net revenue retention rate was 85% as of September 30, 2024, indicating a focus on expanding customer relationships [221]. - As of September 30, 2024, ZoomInfo had 1,809 customers with over $100,000 in annual contract value (ACV) [221]. - Revenue for the three months ended September 30, 2024, was $303.6 million, a decrease of $10.2 million, or 3%, compared to $313.8 million for the same period in 2023 [254]. - Revenue for the nine months ended September 30, 2024, was $905.2 million, a decrease of $17.9 million, or 2%, compared to $923.1 million for the same period in 2023 [269]. - The company reported unearned revenue of $419.2 million as of September 30, 2024, with $417.0 million expected to be recognized as revenue in the next 12 months [307]. Financial Performance - Gross profit for the three months ended September 30, 2024, was $256.3 million, representing a gross margin of 84%, down from $269.0 million and 86% in the same period of 2023 [256]. - Net income for the three months ended September 30, 2024, was $23.8 million, a decrease of $6.4 million, or 21%, compared to $30.2 million for the same period in 2023 [268]. - Gross profit for the nine months ended September 30, 2024, was $768.6 million, a decrease of $20.6 million or 3% compared to $789.2 million for the same period in 2023, maintaining a gross margin of 85% [271]. - Net income for the nine months ended September 30, 2024, was $14.5 million, a decrease of $98.3 million or 87% from $112.8 million in 2023 [284]. - Adjusted Operating Income for the three months ended September 30, 2024, was $111.7 million, representing a decrease of $14.5 million or 11% from $126.2 million in 2023, with an Adjusted Operating Income Margin of 37% [294]. - Adjusted Net Income for the three months ended September 30, 2024, was $103.7 million, representing a decrease of $1.3 million, or 1%, from $105.0 million in the same period of 2023 [298]. Expenses and Costs - Operating expenses for the three months ended September 30, 2024, were $212.8 million, an increase of $6.9 million, or 3%, compared to $205.9 million for the same period in 2023 [257]. - Cost of service for the nine months ended September 30, 2024, was $136.6 million, an increase of $2.7 million, or 2%, compared to $133.9 million for the same period in 2023 [270]. - Sales and marketing expenses for the three months ended September 30, 2024, were $99.1 million, a decrease of $3.3 million, or 3%, compared to $102.4 million for the same period in 2023 [258]. - General and administrative expenses for the three months ended September 30, 2024, were $60.6 million, an increase of $10.1 million, or 20%, compared to $50.5 million for the same period in 2023 [260]. - Research and development expenses for the three months ended September 30, 2024, were $47.7 million, an increase of $0.1 million, or less than 1%, compared to $47.6 million for the same period in 2023 [259]. Cash Flow and Financing - Net cash provided by operating activities for the nine months ended September 30, 2024, was $260.4 million, down from $306.1 million in the same period in 2023 [309]. - The company experienced a net cash decrease of $299.6 million for the nine months ended September 30, 2024, compared to an increase of $28.4 million in the same period in 2023 [309]. - Net cash used in financing activities for the nine months ended September 30, 2024, was $596.8 million, mainly due to common stock repurchases of $542.6 million [318]. - As of September 30, 2024, the company had $147.7 million in cash and cash equivalents and $250.0 million available under its first lien revolving credit facility [305]. Strategic Initiatives - The company plans to continue investing in research and development to enhance its platform and develop new software products [238]. - The company aims to grow its customer base while optimizing the profile of those customers and the go-to-market channels used to attract them [219]. - The company expects to continue pursuing acquisitions, although the magnitude and frequency of such acquisitions cannot be predicted [315]. Debt and Leverage - As of September 30, 2024, the total contractual maturity of outstanding indebtedness was $1,239.6 million, with a net contractual maturity of $1,083.0 million after accounting for cash and cash equivalents [326]. - The total net leverage ratio to Adjusted EBITDA as of September 30, 2024, was 2.3x, with Adjusted EBITDA for the trailing twelve months at $461.6 million [325]. Risk Management - The company has implemented a hedging strategy to mitigate interest rate risk through derivative instruments [342]. - The company initiated a foreign currency hedging program in the second quarter of 2024 to mitigate potential adverse effects from significant currency movements [345]. - The company manages credit risk by concentrating cash deposits with multiple high-quality financial institutions [348].

NEW YORK, Nov. 4, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of ZoomInfo Technologies Inc. (NASDAQ: ZI).Shareholders who purchased shares of ZI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/zoominfo-technologies-inc-loss-submission-form/?id=110316&from=4 CLASS PERIOD: Nove ...

NEW YORK, Oct. 31, 2024 (GLOBE NEWSWIRE) -- ZoomInfo Technologies (“ZoomInfo” or the “Company”) is a Delaware company headquartered in Vancouver, Washington. ZoomInfo is a subscription-based software company that sells access to its database of information about businesspeople and companies to sales, marketing and recruiting professionals. ZOOMINFO INVESTIGATION ZoomInfo’s express and implied representations governing their “ZoomInfo Lite” (f/k/a “Community Edition”) program guarantees that ZoomInfo will no ...

NEW YORK, Oct. 23, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of ZoomInfo Technologies Inc. (NASDAQ: ZI). Shareholders who purchased shares of ZI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/zoominfo-technologies-inc-loss-submission-form/?id=109176&from=3  CLASS PER ...

NEW YORK, Oct. 16, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of ZoomInfo Technologies Inc. (NASDAQ: ZI). Shareholders who purchased shares of ZI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/zoominfo-technologies-inc-loss-submission-form/?id=108486&from=3 CLASS PERI ...

NEW YORK, Oct. 14, 2024 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in ZoomInfo Technologies Inc. ("ZoomInfo Technologies Inc." or the "Company") (NASDAQ: ZI) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of ZoomInfo Technologies Inc. investors who were adversely affected by alleged securities fraud between November 10, 2020 and August 5, 2024. Follow the link below to get more information and be contacted by a member of our team: http ...

NEW YORK, Oct. 14, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of ZoomInfo Technologies Inc. (NASDAQ: ZI). Shareholders who purchased shares of ZI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/zoominfo-technologies-inc-loss-submission-form/?id=107874&from=4 CLASS PERIOD: ...

SAN DIEGO, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers of ZoomInfo Technologies, Inc. (NASDAQ: ZI) Class A common stock between November 10, 2020 and August 5, 2024, inclusive (the "Class Period"), have until November 4, 2024 to seek appointment as lead plaintiff of the ZoomInfo class action lawsuit. Captioned City of Pontiac Police and Fire Retirement System v. ZoomInfo Technologies, Inc., No. 24-cv-05739 (W.D. Wash.), the ZoomInfo class action lawsuit charg ...

NEW YORK, Oct. 08, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of ZoomInfo Technologies Inc. (NASDAQ: ZI). Shareholders who purchased shares of ZI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/zoominfo-technologies-inc-loss-submission-form/?id=107042&from=3 CLASS PERI ...

NEW YORK, Oct. 7, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of ZoomInfo Technologies Inc. (NASDAQ: ZI). Shareholders who purchased shares of ZI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/zoominfo-technologies-inc-loss-submission-form/?id=106649&from=4 CLASS PERIOD: N ...